Must link to transaction account to transfer funds. 31 days notice required if customers want to withdraw their funds before the maturity date.

Other benefits

none

About Bankwest

Bankwest is the bank best known for Making Banking Easier, an initiative which aims to make banking a more positive experience. Originally from Western Australia, Bankwest has attracted thousands of customers around the country with its competitively priced products such as the Hero Saver. In late 2008 the bank was bought by the Commonwealth Bank, who have promised to retain the Bankwest brand. So if you like the sound of Making Banking Easier, check out Bankwest's range of personal banking products including savings accounts, bank accounts, credit cards, home loans and more.

Latest reviews of Bankwest Online Term Deposit

Bankwest

Bankwest Online Term Deposit term deposit review

Overall rating 9 / 10

Satisfaction of the highest order, great service

When visiting any Bankwest branch I have found staff to be polite, courteous, very helpful and extremely knowledgeable when questioned about accounts and services. Their online banking service is easily manageable making it very user friendly. I'm...

When visiting any Bankwest branch I have found staff to be polite, courteous, very helpful and extremely knowledgeable when questioned about accounts and services. Their online banking service is easily manageable making it very user friendly. I'm very satisfied and happy with this banking organization.

Bankwest Online Term Deposit term deposit review

Overall rating 8 / 10

The easy way to lock it away

Term Deposit with this bank was easy to set up and a great way to lock away those savings for something special, whereas a normal savings account allows you to spend those savings all too easy. I love the ease of using online banking and Bankwest...

Term Deposit with this bank was easy to set up and a great way to lock away those savings for something special, whereas a normal savings account allows you to spend those savings all too easy. I love the ease of using online banking and Bankwest is just the best.

Bankwest Online Term Deposit term deposit review

Overall rating 8 / 10

Customer service is generally first-rate.

TERM DEPOSIT PROS * rate is usually very competitive, when compared with other (major) banks; in fact, the term deposit rate is usually higher than other banks, especially for short-term (e.g. 2- to 3-month) term deposits. A good rate for...

TERM DEPOSIT PROS * rate is usually very competitive, when compared with other (major) banks; in fact, the term deposit rate is usually higher than other banks, especially for short-term (e.g. 2- to 3-month) term deposits. A good rate for short-term term deposits is ideal for people who are saving for a house/apartment, and you don't have to wait many months before the term deposit matures in order to get the money out. * always look around at the rates offered by other banks but don't discount smaller banks such as Bankwest: although they're not a Melbourne-based bank, their rates are competitive and product range is very good. CONS * more advertising is required when there are special term deposit rates. At times, I've missed out on a good rate because I didn't know they were offering one. In addition, any special rate (i.e. those on top of what is advertised in-branch) should be made prominent at the front of the branch so that a customer (actual or potential) knows what s/he can get. The times when I've got a special rate was by good fortune, when I happened to be inside the bank and a staff member has told me about it.

Bankwest Online Term Deposit term deposit review

Overall rating 10 / 10

Generous term deposit rates

In today's economy squeeze, Bankwest offers the highest interest rate for Term Deposit from all other banks. Isn't it nice to get such a generous rate from the bank? It's rare to get something extra from any bank, but here it is.

In today's economy squeeze, Bankwest offers the highest interest rate for Term Deposit from all other banks. Isn't it nice to get such a generous rate from the bank? It's rare to get something extra from any bank, but here it is.

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*Different interest rates apply to different amounts or different interest payment frequencies.

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